A company purchased a rope braiding machine for $190,000. The machine's useful life is 8 years and has a residual value of $10,000. It is estimated that the machine could produce 750,000 units of rope over its useful life. In the 1t year, 105,000 units were produced. In the 2d year, production increased to 109,000 units. Using the units-of-production method, what is the amount of depreciation that should be recorded for the first year? 7. A) $25,200. B) $26,160. C) $26,660. D) $27,613 E) $53,160